Loading...
1011 Budget Amend 102, 316CITY OF YELM ORDINANCE NO. 1011 AN ORDINANCE amending the 2016 City of Yelm Budget as adopted by Ordinance No. 1008 in December 2015, by increasing appropriations in excess of original estimates. The City Council of the City of Yelm, Washington ordains as follows: Section 1. 2016 budgeted amounts for expenditures /transfers from fund 102, for the for the fiscal year ending December 31, 2016, are increased by $80,080 for SR507 Sidewalk project; Additionally, 2016 budgeted amounts for expenditures from fund 316, for the SR507 Sidewalk project, completion /release of retainage for the Cullens /Solberg Construction project and completion of Mosman Phase 2 Engineering for the fiscal year ending December 31, 2016, are increased by a total of $445,899 ($400,400; $10,011; and $35,488 respectively) as shown in Exhibit A in the Staff Report; Section 2. The budget for the year 2016 as amended by the changes in Section 1 shall be filed in the office of the City Clerk who is hereby directed to transmit this supplemental budget to the Auditor of the State of Washington, Division of Municipal Corporations. Section 3. Ratify and Confirmation Clause — Any action taken pursuant to this ordinance but prior to the effective date is hereby ratified and confirmed. Section 4. This ordinance shall take effect five days following publication. PASSED and signed in authentication on this 23rd day of February, 2016. Ronald W. Harting, Mayor Authenticated: d Janine A. Schnep City Clerk Passed and Approved: February 23rd, 2016 PUBLISHED: Nisqually Valley News: March 4, 2016 Effective: March 9, 2016 EXHIBIT A 2016 Budget Amendment FUND /ACCT Original Budget Amt New Budget Amt REASON Fund 102 - Arterial Street FundFund 308.80.00.00 $ 10,446 $ 136,955 BEGINNING CASH &INVESTMENTS 334.03.91.05 $ - $ 320,320 TIB SR507 SIDEWALK GRANT 308.80.00.00 $ 91,931 $ 89,209 BEGINNING CASH &INVESTMENTS 597.95.63.06 $ - $ (80,080.00) TRANS -OUTTO 316 508.80.00.00 $ 123,937 $ 41,435 ENDING CASH 595.61.41.00 $ $ (49,000) SR507 SIDEWALK ENGINEERING Expenditure Authority Increase $ (80,080.00) $ (351,400) SR507 SIDEWALK CONSTRUCTION 508.80.00.00 $ $ 100,837 Net Effect to Ending Cash $ (82,802.00) Fund 316- Roads /Street Construction 308.80.00.00 $ 10,446 $ 136,955 BEGINNING CASH &INVESTMENTS 334.03.91.05 $ - $ 320,320 TIB SR507 SIDEWALK GRANT 397.95.60.07 $ - $ 80,080 T/I FROM 102 595.10.61.00 $ (103,500.00) $ (138,988) Mosman Phase 2 Engineering 595.30.63.07 $ $ (10,011) CULLENS /SOLBERG CONSTRUCTION 595.61.41.00 $ $ (49,000) SR507 SIDEWALK ENGINEERING 595.61.63.00 $ $ (351,400) SR507 SIDEWALK CONSTRUCTION 508.80.00.00 $ $ 100,837 ENDING CASH Expenditure Authority Increase $ (445,899) Net Effect to Ending Cash $ 81,010 February 23, 2016 /0// Page 2 of 2